Auto Insurance Fraud Costs Americans $20 to $30 Billion Annually

Auto insurance fraud is becoming a great problem in the United States. Auto insurance agencies are paying billions of dollars each year to cover them, that leads to increased premiums even for those who didn’t commit fraud.

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Auto insurance fraud is committed against an insurance company in order to receive financial gain. According to the National Insurance Crime Prevention bureau auto insurance fraud costs Americans $20 to $30 billion annually.

insuranceAuto insurance fraud can be “hard” if it consists of an intentional set up of a situation such as car theft or an automobile accident. Soft insurance fraud is regarded as a minor offense, when a person takes advantage of a situation that has already occurred by pretending that the injuries were more serious that they actually were.

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What Should You Do After Being Involved In An Accident

Car accidents are very stressful for each driver because they are unexpected and unpredictable. Even the best and the most careful driver may be involved in an auto accident.

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According to Association for Safe International Road Travel (ASIRT) 2.35 million of people get injured or disabled in road crash accidents in U.S. Road crashes cost $230.6 million per year.

If you got into an auto accident you should first collect evidence as to who caused the accident and what are the damages of it. The best solution for you could be taking pictures of the damages, because that would be an incontestable evidence.

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